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Crypto

Remittix Tests PayFi Service Ahead of RTX Debut

Guavy AI Editorial Team
Instruments
XRP
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Ripple's XRP is facing fresh competition in the payments space as Remittix invites 1,000 users to test its PayFi service. This service allows users to move supported cryptocurrencies into fiat currency through compatible bank accounts.

Remittix has given access to 1,000 of its over 40,000 RTX holders to test the PayFi service with EUR and USD options available initially. The selected holders can begin answering whether an individual with a crypto balance can have an easier route to usable bank money.

XRP recently traded around $1.49, but a bank partnership does not automatically set a token price. Traders still weigh liquidity, market sentiment, and how Ripple's business activity relates to demand for XRP.

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